Service Corporation International (SCI)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 498,286 | 453,801 | 322,916 | 326,114 | 359,846 | 338,346 | 361,770 | 458,732 | 441,060 | 571,863 | 586,574 | 387,485 | 376,152 | 366,058 | 383,636 | 359,468 | 373,553 | 352,179 | 394,217 | 290,052 |
| Total current liabilities | US$ in thousands | 749,100 | 712,872 | 688,333 | 767,399 | 799,280 | 706,588 | 715,111 | 775,205 | 728,261 | 724,262 | 691,492 | 841,782 | 815,934 | 622,134 | 606,825 | 587,294 | 556,719 | 563,417 | 614,472 | 604,543 |
| Current ratio | 0.67 | 0.64 | 0.47 | 0.42 | 0.45 | 0.48 | 0.51 | 0.59 | 0.61 | 0.79 | 0.85 | 0.46 | 0.46 | 0.59 | 0.63 | 0.61 | 0.67 | 0.63 | 0.64 | 0.48 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $498,286K ÷ $749,100K
= 0.67
Service Corp. International's current ratio has shown fluctuations over the past eight quarters. The current ratio indicates the company's ability to meet its short-term obligations. Generally, a current ratio above 1 is considered healthy, as it suggests the company has more current assets than current liabilities.
In Q4 2023, the current ratio was at its highest at 0.67, indicating that the company had $0.67 in current assets for every $1 in current liabilities. This is an improvement from the previous quarter and is closer to a ratio of 1.
However, the trend in the previous quarters shows a decline in the current ratio, reaching its lowest point of 0.42 in Q1 2023. This suggests that in Q1 2023, the company had only $0.42 in current assets for every $1 in current liabilities, which may raise concerns about the company's short-term liquidity.
Overall, Service Corp. International's current ratio has been below 1 in most of the quarters, indicating a potential risk in meeting short-term obligations. It is essential for the company to improve its current ratio by either increasing current assets or reducing current liabilities to enhance its financial health and stability.
Peer comparison
Dec 31, 2023